ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NAHAR SPINNING-Export Orientation

Export Orientation NAHAR SPINNING MILLS has fared so well during 1987-88 that the directors have stepped up dividend by 10 per cent to 30 per cent and the enhanced distribution enjoys an earnings cover of 10.33 times as against 8.20 times in the previous year. Turnover has expanded from Rs 20.62 crore to Rs 30.45 crore and in line gross profit has soared from Rs 2.40 crore to Rs 3.46 crore. Net profit is also up from Rs 1.64 crore to Rs 3.10 crore. As a result of consistent good performance, reserves as at the end of the company's eighth year of existence stand at Rs 5,95 crore against the share capital of only Rs 99 lakh.

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